Non-Transferability of Options. The Options shall not be transferable or assignable except upon Optionee's death by will or the laws of descent and distribution and shall be exercisable, during Optionee's lifetime, only by Optionee.
Appears in 8 contracts
Sources: Stock Option Agreement (United Industries Corp), Stock Option Agreement (United Industries Corp), Stock Option Agreement (United Industries Corp)
Non-Transferability of Options. The Options Option shall not be transferable or assignable except upon Optionee's death by will or the laws of descent and distribution and shall be exercisable, during Optionee's lifetime, only by Optionee.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Strategic Timber Trust Inc), Stock Option Agreement (Strategic Timber Trust Inc)
Non-Transferability of Options. The Options shall not be transferable transferable, either voluntarily or assignable except upon Optionee's death by operations of law, otherwise than by will or the laws of descent and distribution and shall be exercisable, exercisable during the Optionee's lifetime, lifetime only by Optionee.
Appears in 2 contracts
Sources: Stock Option Agreement (Optimumcare Corp /De/), Stock Option Agreement (Optimumcare Corp /De/)